Question

Details of Different banks and different rates of interes are given. Check which bank is beneficial for us​

Answer 1

Interest rates are the cost of borrowing money. They represent what creditors earn for lending you money. These rates are constantly changing, and differ based on the lender, as well as your creditworthiness. Interest rates not only keep the economy functioning, but they also keep people borrowing, spending, and lending. But most of us don't really stop to think about how they are implemented or who determines them.

This article summarizes the three main forces that control and determine interest rates.